Free Trial

TECHS: Comfortably Holding Above......>

DOLLAR-CANADA
DOLLAR-CANADA: TECHS: Comfortably Holding Above The 100-dma
Last week's strong close saw up trendline support-turned-resistance and the
100-dma give way with ease shifting immediate focus to channel top resistance at
1.3136. A break above here would be very bullish, with 1.3175 the next upside
target. Bears need a break of 1.2900 to re-establish the downtrend and target
the 200-dma and channel base support at 1.2848/46. Below here opens the May 22
low at 1.2743.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.